How do you prevent lifestyle creep?

like
Posting as :
works at
You are currently posting as works at

With each raise I increase investing, saving, and giving so there’s less to spend and allow for lifestyle creep to happen. I think getting to a comfortable lifestyle is fine (could resemble lifestyle creep I guess).

like

Don’t have a wife or a girlfriend, then it’s easy :).

likefunnysmart

Haha yeah my wife makes good money as well

likesmart

What’s wrong with a little bit of lifestyle creep? Can’t be making senior manager pay and only have Ikea furniture right

like

Oh, I definitely need therapy about related sensory issues (like “i hate all clothes” and “i hate all shoes” and “all food looks gross”). Probably tied up in a derealization way with why I went into accounting, because it’s a numbers/logic/digital/headspace arena and dealing very little with the physical world.

like

Don’t watch TV then you won’t see ads. Also find friends who are like minded, if you don’t have other friends who do lifestyle creep then you’re less apt to do it yourself. My husband and I have a big set of friends where we like hanging out chilling saving for the future talking about investing etc. They wouldn’t be impressed with our lifestyle creep and we wouldn’t be impressed with their’s so it works out lol

like

Step 1: Give yourself the salary of an Associate to live off of, and sock the rest to automatically pull into investments.

Step 2: Pay the Associates More

like

Assocaites more, meh.

Seniors & solid managers more? Most def

Tax season unfortunately helped with lifestyle creep since I didn’t have time to spend money having fun. 😩

like

Automatically divert funds from your direct deposit payroll to savings. If your chequing balance stays consistent then it’s easier to avoid lifestyle creep.

Oh and don’t have a kid. Or kids. They’re expensive af.

like

Yep - I have one too. My savings rate has dropped substantially lol. Goodbye early retirement, but hello awesome kid!

There is no point in getting raise if you cant spend it.

I transfer a fixed % of salary to an investment account, pay all bills and spend whatever left.

like

Figure out what amount you should be saving every year. Be aggressive in that. Have fun with what's left. Nothing wrong with that, and what's the point if you can't have any fun.

Related Posts

Potential new job is flying me across the country….for a one hour interview. Red flag? Or just a formality since they want me to relocate so I can see what it’s about?

like

Please suggest which one would be better.
Wipro : 21.5 LPA including variable.
Mindtree : 23 LPA (all fixed)
Tech stack: Service now Developer
Yoe: 6 years.

Which oone would be better in terms of growth and job security??

like
like

Are there good exit opportunities for doing plaintiffs commercial lit and healthcare transactions? My end goal is in house

like

What does a Managing Director at Slalom make these days?

like

I feel like Big 4 is "work is life and life is work".. Ive worked w/ people who take this shit too seriously and to heart. That could be my millennial speaking buts it's just work why take it personal

likefunny

In how many days, BDO rise give reply to your interview 2nd round? Anyone here from BDO rise here?

Anybody have any pointers regarding making your application stand out in the successfactors ATS?

like

I have been dating my GF for 3 years. I feel like I am not appreciated in the slightest bit - I get no “thank you”, I get no acknowledgement of anything I do for us. I’m not asking for her to bow down on like taking the trash out - but I mean some recognition every now and then would mean a lot to me. How do I bring this up?

like

It’s my birthday today ..

likeuplifting

If we’re to contract a consulting firm to prosecute trump out of office, which one and why would it be McKinsey

Post Photo
likefunny

Anyone here who has rescheduled several times their visa interview appointment w/ embassy outside US. Allowed to schedule twice w/o penalty. On the 3rd time, it needs to be cancelled. Does yours say to wait 90 days to rebook and were you able to book immediately on the 91st day? Just wanted to know what you’ve went through ie, if there are other requirement needed when you cancel and then use the MRV fee.

like

Took a blood test and found out that we are pregnant on 9/1. Our beta tests looked good. I have my first ultrasound appt not until 9/15. Are there any hcg test I can take at home so I know it's still rising appropriately until my appt? I'm being cautiously optimistic...

like

Anyone have any idea when the hiring freeze might end within AWS ProServ? I’m currently at Amazon and have a TS clearance, PMP & CSM. I come from a Big4 consulting firm with a background in Enterprise Performance. I’ll be honest and say I’m not feeling very safe in my current role with the ongoing layoffs. Instead of leaving, I’d love to go back to my “consulting roots” and join the ProServ team. I’m taking my AWS Certified Cloud Practitioner exam next weekend. Hoping this freeze is lifted soon.

like

Like the post so I can DM,

like

Any Toronto Fs here?

like

I live far from my house and hence I take 5pm cab. My senior says I waste 1.5 hrs in cab during evening. However I go home and work always. How to tackle this situation

like

My joining date is 20th June, Bangalore location now WFH.

when to expect laptop and any communication mail or buddy ??

Hello fishes,
I need some guidance. My main tech stack is .Net and SQL Server. My total experience is 5 years. I want to know which of the company would be better for me in terms of Job security, wlb, and advance technology.
1. Suma Soft
2. Nitor Infotech
3. Wissen Infotech

like

What do parents do if their child is choiced and don't want their child to go to school? Will they lose choice? We haven't heard what's going on in this part.

like

Additional Posts in Tax Bowl

Busy season dinner prep. Season and freeze chicken breast split into three (basically creating tenders). What food gets you through??

Post Photo
like

Besides law school and maybe CTFA how do you up your trust tax knowledge/ credentials ?

like

Any Cherry Bekaert tax folks? How is the culture?

like

How reputable is Andersen tax?

like

Is anyone with Trust or Estate Tax experience looking to move to EY? We are hiring!

likefunny

PwC or EY Houston Tax?

Anyone in real estate valuation and modeling? Currently I’m involved in fixed assets, cost segregation type of projects and looking to transition at a senior level. Any insights would be appreciated.

like

I decided to come home to CA from NYC at the end of April 2020. How should I go about with filing my taxes since my work is technically in NYC and I didn’t change any payroll address. Do I file part-time resident for NY?

like

After 3 1/2 years of giving the CPA exams my all, I’ve decided it’s time for a career change. I got into accounting for the wrong reason. Although I’m 25, and I have some soul searching to do. I feel like I am taking a step in the right direction

likeupliftingsmart

Anyone ever been blacklisted by a firm but can’t prove it? I found out an ex girlfriends best friend is high up at a National firm in tax and I swear, each time I talk to them the tax recruiters are extremely interested and then I get ghosted. I finally realized today that she’s there

like

How do I achieve 55 billable hours per week? Open for suggestions. ..

like

Anyone ever go work at the state - department of revenue ?

like

What are EY ITTS hours like in hcol city?

like

Deducting S Corp owner health insurance when they aren't really an employee? Owner doesn't do anything for the business anymore, but still wants the health insurance.

"Health and accident insurance premiums paid on behalf of a greater than 2-percent S corporation shareholder-employee are deductible by the S corporation and reportable as wages on the shareholder-employee’s Form W-2, subject to income tax withholding."

like

I have a tough time disconnecting from work, especially this time of year. How do you turn off the stress?

like

For my tax folks - if someone did not live in a state in 2015 but they have been notified of a levy saying they owe taxes in that year and have had their license suspended, does the TP have any..contd

Any thoughts on working for Amazon in tax vs. public accounting?

likehelpful

What's BDO AND RMS Offering in India to TCII AND ACTING SENIORS ?

like

Formerly Friedman LLP folks, how is Marcum LLP treating you?

likefunny

For those of you who are fasting this month: how have you been dealing with work schedule? I feel like I have not gotten decent sleep. Is anyone on a different schedule than usual to sleep or rest?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal